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Digital asset investment products recorded a strong rebound last week, with inflows totaling US$2.48 billion. This lifted August inflows to US$4.37 billion and pushed year-to-date figures to US$35.5 billion. However, overall assets under management slipped 10% to US$219 billion, as Friday’s outflows followed the release of Core PCE data that dampened hopes for a September Federal Reserve rate cut.
The United States led the charge, contributing US$2.29 billion in inflows, while Switzerland, Germany, and Canada also posted healthy gains. Analysts suggest the Friday dip was likely due to profit-taking rather than deeper investor concerns. Despite the setback, regional activity highlighted broad global confidence in digital assets.
Ethereum outpaced Bitcoin by a wide margin, drawing in US$1.4 billion versus Bitcoin’s US$748 million. For August, Ethereum has seen US$3.95 billion in inflows, while Bitcoin slipped with outflows of US$301 million. Solana and XRP also gained momentum, benefiting from optimism around potential U.S. ETF approvals.
